Imposing losses on bondholders reduces the amount of money taxpayers need to inject into struggling banks... ECB Pivots, Advocates Imposing Losses on Senior Bondholders ... possible actionable consequences... WSJ

Other than that I don't have much time to read anything this morning. I got a (small) kick out of reading James Altucher's Resume though I feel James' "humility" often comes off as backhanded self-aggrandizement.

We Live In Public: This is a fascinating film about a guy who wanted to change the world by dragging everything out into the open. The subject (Josh Harris) is associated with Altucher somehow, to me (James: did you see this? Were you involved in this scene during web 1.0 in NYC?)

A couple of friends and I listening to and discussing the Frank Ocean record while making Nachos (some of it NSFW). htmlgiant